MBC Group Co. — Capital/Financing Update 2024

Oct 20, 2024

MBC Group announces the repayment of the outstanding loan pursuant to the loan agreement entered into between MBC Group and Istedamah Holding Company.

4072 · 20/10/2024 07:31:13 · Announcement #83017 · View on Saudi Exchange

MBC Group announces the repayment of the outstanding loan pursuant to the loan agreement entered into between MBC Group and Istedamah Holding Company.

Element List

Explanation

Announcement Detail

MBC Group (the "Company") announces that it has fully repaid the outstanding loan amount to Istedamah Holding Company, totaling SAR 497,250,000, pursuant to the loan agreement between the Company and Istedamah Holding Company dated 10/03/1444H (corresponding to 06/10/2022G), as amended on 18/12/1444H (corresponding to 06/07/2023G), as disclosed in the Company’s prospectus. The Company confirms that the repayment was done from the available liquidity and that there is no material financial impact on the Company.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.